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The 5th TYBA Yacht Charter Show concludes with highly positive vibe

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TYBA Yacht Charter Show 2024: Discover the Best of the Turkish Yachting Experience

Elevating the Charter Experience on Turkey’s Aegean Coast

At D-Marin Göcek in Turkey, was a resounding success, firmly establishing itself as one of the most dynamic yachting events in the Eastern Mediterranean since its debut in 2018. This year’s show highlighted the impressive growth in the quality, diversity, and number of yachts available for charter along the Aegean coast, underscoring Turkey’s prominent role in the global yacht tourism industry.

The 2024 edition featured 53 luxury yachts, ranging from 20 to 55 meters, showcasing the finest samples of the Turkish fleet. This impressive lineup drew nearly 350 charter brokers, 20 exhibitor companies from 20 countries, and prominent international and local yacht press members and influencers. The event served as proof of Turkey’s natural beauty, cultural richness, top-notch facilities, and luxurious vessels, including traditional gulets and modern superyachts.

Noteworthy Yachts

Among the standout vessels were several that epitomized the elegance, innovation, and superior service that Turkish yachting is known for:

Managed by Galeon Yachts, S/Y Yazz is a 55-meter sailing yacht with a beam of 10 meters. She features five cabins accommodating up to 10 guests, with a crew of eight ensuring exceptional service. Yazz impressed with her exquisite interior design, unparalleled comfort, and superb gastronomy, offering a truly luxurious experience.

S/Y Babilon

S/Y Babilon, a 40-meter motorsailer managed by Barbaros Yachting, captured attention with her beautiful wooden interior and exquisite table layouts. She offers five cabins for up to 12 guests and is served by a crew of six. Babilon’s combination of traditional charm and modern amenities provided a perfect guest experience.

Queen of Datça

During our visit, we had the opportunity to sail to Göcek Bay, where Queen of Datça was at anchorage. This 36-meter yacht, with a beam of 8 meters, can accommodate 10 guests in five cabins and is attended by a crew of six. The crew’s hospitality and an unforgettable al fresco meal made this visit a highlight of the show.

S/Y Admiral

S/Y Admiral stood out with her impressive size and classic wooden construction. This three-masted vessel, with a LOA of 47 meters and a beam of 9.2 meters, can host 36 guests in 16 cabins and is served by a crew of seven. Admiral’s grandeur and traditional aesthetics made her a favorite among attendees.

M/Y Calm Down

Every night during the show featured multiple parties onboard various yachts, with some of the best hosted by M/Y Calm Down. These events were a testament to the vibrant social atmosphere and excellent hospitality that characterized the TYBA Yacht Charter Show.

Additionally, several other yachts captured our attention for their outstanding qualities:

• S/Y Questa Vita
• S/Y Queen Atlantis
• S/Y Jura II
• S/Y Beyaz Lale
• S/Y Son of Wind
• S/Y Halcon del Mar
• S/Y Queen of Salmakis

These vessels, managed by renowned broker companies such as Galeon Yachting, Edge Yachts, Premium Yachts, Wondergulets, Mega Yachts, Salmakis Yachting, and AtaYachting Turkey, further highlighted the diversity and excellence of the Turkish fleet.

The Allure of Gulets

A review of the TYBA Yacht Charter Show would be incomplete without acknowledging the historical significance of gulets in Turkey. These traditional wooden sailing vessels have evolved from their origins as fishing and cargo ships to become luxurious symbols of Turkish maritime heritage. Gulets are ideally suited for navigating the picturesque bays and coves of the Turkish coastline, offering a unique blend of old-world charm and modern comforts. The show featured several beautifully crafted gulets, each reflecting Turkey’s rich maritime tradition while incorporating contemporary amenities.

The Growth of the Aegean Charter Market

The TYBA Yacht Charter Show 2024 also highlighted the significant growth in the Aegean charter market. The increasing number of high-quality yachts available for charter indicates the region’s rising popularity among luxury travelers. This growth can be attributed to several factors, including the Aegean coast’s pristine natural beauty, rich cultural heritage, and the exceptional craftsmanship of Turkish yacht builders.

The show served as a platform for brokers, agents, and potential clients to explore the myriad options available for charter. It was evident that the demand for diverse and high-quality charter experiences is on the rise, and the Turkish yachting industry is well-equipped to meet this demand.

H. Serhan Cengiz, TYBA Vice President and Chair of the Yacht Charter Show Committee, remarked on the show’s success: “Our TYBA Yacht Charter Show at D-Marin Göcek, which we have successfully completed for the fifth time this year, has reinforced its place in yachting calendars as one of the important shows held in the Mediterranean basin. The diversity, abundance, and excellence of the showcased yachts received praise from both local and international attendees, as well as the yachting press. Year after year, we’ve raised the bar of success for our show and are pleased with its current standing. By expanding exhibitor numbers, attracting foreign brokers, and increasing media involvement, we’re actively promoting Turkish yacht tourism. Looking ahead, we’re dedicated to further improvement, fueled by the voluntary support of our association members.”

The TYBA Yacht Charter Show 2024 in Göcek was a resounding success, showcasing the best that the Turkish yachting industry has to offer. The event not only highlighted the exceptional quality and diversity of yachts available for charter but also underscored Turkey’s growing significance in the global luxury yachting market.

As the Aegean coast continues to attract discerning travelers from around the world, the future of yacht charters in this region looks exceedingly bright.

Whether it’s the allure of modern superyachts or the timeless charm of traditional gulets, the TYBA Yacht Charter Show has something for every luxury yachting enthusiast. The event left no doubt that Turkey is poised to become a premier destination for luxury yacht charters, offering unparalleled experiences on the azure waters of the Aegean Sea.

Photos: IYC Media, Pablo Ferrero | Words: Pablo Ferrero

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The 5th TYBA Yacht Charter Show: A Voyage of Excellence

The TYBA Yacht Charter Show, esteemed as one of the Mediterranean’s foremost B2B “Blue Voyage” events, is poised to make waves once more in 2024. Following the triumphant success of its previous editions, the event is scheduled to unfold from May 3rd to May 7th, 2024. Anchored at the picturesque D-Marin Göcek, the event showcases luxury yachts and industry expertise.

Organized by the Yachting and Brokers Association of Türkiye (TYBA), this event serves as a pivotal meeting ground for yacht brokers, charter brokers, fleet operators, and industry professionals worldwide, cementing its status as a cornerstone event within the global yachting community.

A Regatta of Highlights

Expectations are high for this year’s show, with an array of captivating highlights awaiting attendees. Among them, an impressive fleet of over 55 super luxury yachts, some reaching lengths of up to 64 meters, will grace the exhibition, offering a spectacle of maritime luxury unlike any other.

Furthermore, the event will boast an expanded international presence, showcasing a diverse array of yachts from around the globe, fostering international collaboration and enriching the show’s global appeal.

Its role in fostering partnerships and deal-making opportunities within the industry is integral to the show’s allure. Last year’s attendance exceeded 350 industry professionals, and this year’s event is poised to surpass that figure, facilitating crucial connections and collaborations.

A Gastronomic Voyage

Culinary excellence takes centre stage at the TYBA Yacht Charter Show, with the highly anticipated “Chefs Competition” challenging culinary maestros to reimagine traditional Turkish village dishes with a contemporary twist. Additionally, a new “Best Cocktail Competition” will showcase the artistry of mixology, adding a flavorful dimension to the event.

Service and presentation are paramount at the TYBA Yacht Charter Show, with outstanding performances in these areas being recognized and honored. The event will pay tribute to the best welcoming crew, top presentation, and runner-up, celebrating excellence in every aspect of yachting hospitality.

A Portal to Possibilities

As in previous years, the event promises an unparalleled experience for international industry experts, providing a platform for networking, knowledge-sharing, and innovation. For pre-registration and further information, visit www.tybachartershow.com. Media partners interested in attending can contact [email protected] to enjoy exclusive benefits, including complimentary flights, accommodation, and a post-show fam trip.

(The 5th TYBA Yacht Charter Show: A Voyage of Excellence – barchemagazine.com – March 2024)

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After the earthquake: Turkish charter market signals its return with 4th annual TYBA yacht show

Right up until a 7.8 magnitude earthquake rocked southeast Turkey in February, the Turkish charter market had been booming, as explained by Özgür Cengiz, TYBA board member/show committee member and owner of Turkish yachting services company, 4U Yachting. In the wake of the shocks, however, demand dropped off just as the market would have been entering what is typically a bustling summer charter season.

“The slowdown really had nothing to do with the charter business,” Cengiz told BOATPro News. “People I’ve spoken to after [the earthquake] said they felt apprehensive approaching charter in Turkey while there was this terrible situation going on.”

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About Event

TYBA Yacht Charter Show 2023

The TYBA Yacht Charter Show will be hosted for the second year by the prestigious D – Marin in Gocek, the town is an exciting, beautiful new location emerging as the new hot-stop for Turkish yachting.

Curated by the Turkish Yacht Broker Association, the show provides an incredible opportunity to not only view some of the best charter yachts the country has to offer, but also to meet some of the industry’s local specialists: an unmissable occasion of connecting with global industry professionals.

The industry-only show will welcome hundreds of trade experts to the picturesque destination, presenting the chance to network, as well as discover everything yachting, in the luxurious cruising grounds of Turkey.

Additionally, learn about Turkey’s iconic attractions through seminars, or take in the idyllic coastline on one of its yacht tours.

The TYBA Yacht Chater Show not only provides the most convenient opportunity to view the best yachts in the region but also acts as a hub for networking with local contacts and learning about the plethora of attractions available within Turkey.

*"I welcome all participants to the 4th TYBA Yacht Charter Show in Marin Göcek. I am confident that this exciting show organised by TYBA among many other initiatives we are taking will serve well to raise national standards in yachting and position Turkey among the top charter destinations in the world," says H. Serhan Cengiz, President of the TYBA Yacht Charter Show.

The show will take place 5-9 May, 2023, acting again as the most important charter show event in Turkey and the East Med for trade professionals.

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Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic

As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.

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By Emma Bubola and Michael J. de la Merced

Emma Bubola reported from Porticello, Italy, and Michael J. de la Merced from London.

Two months after being cleared in a bruising legal battle over fraud charges, the British tech mogul Mike Lynch celebrated his freedom with a cruise. He invited his family, friends and part of his legal team on board his luxury sailing yacht, a majestic 180-foot vessel named Bayesian after the mathematical theorem around which he had built his empire.

On Sunday night, after a tour of the Gulf of Naples, including Capri, and volcanic islands in the Eolian archipelago, the boat anchored half a mile off the Sicilian coast in Porticello, Italy. It chose a stretch of water favored by the Phoenicians thousands of years ago for its protection from the mistral wind and, in more recent times, by the yachts of tech billionaires. The boat was lit “like a Christmas tree,” local residents said, standing out against the full moon.

But about 4 a.m., calamity unfolded. A violent and fast storm hit the area with some of the strongest winds locals said they had ever felt. Fabio Cefalù, a fisherman, said he saw a flare pierce the darkness shortly after 4.

Minutes later, the yacht was underwater. Only dozens of cushions from the boat’s deck and a gigantic radar from its mast floated on the surface of the sea, fishermen said.

In all, 22 people were on board, 15 of whom were rescued. Six bodies — five passengers and the ship’s cook — had been recovered by Thursday afternoon, including that of Mr. Lynch, an Italian government official said, adding that the search was continuing for his daughter.

It was a tragic and mystifying turn of events for Mr. Lynch, 59, who had spent years seeking to clear his name and was finally inaugurating a new chapter in his life. Experts wondered how a $40 million yacht, so robust and stable could have been sunk by a storm near a port within minutes.

“It drives me insane,” said Giovanni Costantino, the chief executive of the Italian Sea Group, which in 2022 bought the company, Perini, that made the Bayesian. “Following all the proper procedures, that boat is unsinkable.”

The aura of misfortune only deepened when it emerged that Stephen Chamberlain, 52, a former vice president of finance for Mr. Lynch’s former company and a co-defendant in the fraud case, was killed two days earlier, when he was hit by a car while jogging near his house in England.

Since June, the two men had been in a jubilant mood. A jury in San Francisco had acquitted both on fraud charges that could have sent them to prison for two decades. There were hugs and tears, and they and their legal teams went for a celebratory dinner party at a restaurant in the city, said Gary S. Lincenberg, a lawyer for Mr. Chamberlain.

The sea excursion was meant as a thank-you by Mr. Lynch to those who had helped him in his legal travails. Among the guests was Christopher J. Morvillo, 59, a scion of a prominent New York family of lawyers who had represented Mr. Lynch for 12 years. He and his wife, Neda, 57, were among the missing.

So, too, was Jonathan Bloomer, 70, a veteran British insurance executive who chaired Morgan Stanley International and the insurer Hiscox.

The body of the ship’s cook, Recaldo Thomas, was recovered. All the other crew members survived. Among them was Leo Eppel, 19, of South Africa, who was on his first yacht voyage working as a deck steward, said a friend, who asked not to be identified.

Since the sinking, the recovery effort and investigation have turned the tiny port town of Porticello, a quiet enclave where older men sit bare-chested on balconies, into what feels like the set of a movie.

Helicopters have flown overhead. Ambulances have sped by with the sirens blaring. The Coast Guard has patrolled the waters off shore, within sight of a cordoned-off dock that had been turned into an emergency headquarters.

On Wednesday afternoon, a church bell tolled after the first body bag was loaded into an ambulance, a crowd watching in silence.

The survivors were sheltering in a sprawling resort near Porticello, with a view of the shipwreck spot, and had so far declined to comment.

Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said that the yacht had most likely been hit by a fierce “down burst” — when air generated within a thunderstorm descends rapidly — or by a waterspout , similar to a tornado over water.

He added that his agency had put out rough-sea warnings the previous evening, alerting sailors about storms and strong winds. Locals said the winds “felt like an earthquake.”

Mr. Costantino, the boat executive, said the yacht had been specifically designed for having a tall mast — the second-tallest aluminum mast in the world. He said the Bayesian was an extremely safe and secure boat that could list even to 75 degrees without capsizing.

But he said that if some of the hatches on the side and in the stern, or some of the deck doors, had been open, the boat could have taken on water and sunk. Standard procedure in such storms, he said, is to switch on the engine, lift the anchor and turn the boat into the wind, lowering the keel for extra stability, closing doors and gathering the guests in the main hall inside the deck.

12 guests occupied the yacht’s six cabins. There were also 10 crew members.

Open hatches, doors and cabin windows could have let in water during a storm, according to the manufacturer.

Open hatches, doors and

cabin windows could

have let in water

during a storm,

according to the

manufacturer.

Source: Superyacht Times, YachtCharterFleet, MarineTraffic

By Veronica Penney

The New York Times attempted to reach the captain, James Cutfield, who had survived, for comment through social media, his brother and the management company of the yacht (which did not hire the crew), but did not make contact.

So far none of the surviving crew members have made a public statement about what happened that night.

Fabio Genco, the director of Palermo’s emergency services, who treated some of the survivors, said that the victims had recounted feeling as if the boat was being lifted, then suddenly dropped, with objects from the cabins falling on them.

The Italian Coast Guard said it had deployed a remotely operated vehicle that can prowl underwater for up to seven hours at a depth of more than 980 feet and record videos and images that they hoped would help them reconstruct the dynamics of the sinking. Such devices were used during the search and rescue operations of the Titan vessel that is believed to have imploded last summer near the wreckage of the Titanic.

After rescuers broke inside the yacht, they struggled to navigate the ropes and many pieces of furniture cluttering the vessel, said Luca Cari, a spokesman for Italy’s national firefighter corps.

Finally, as of Thursday morning, they had managed to retrieve all but one of the missing bodies, and hopes of finding the missing person alive were thin. “Can a human being be underwater for two days?” Mr. Cari asked.

What was certain was that Mr. Lynch’s death was yet another cruel twist of fate for a man who had spent years seeking to clear his name.

He earned a fortune in technology and was nicknamed Britain’s Bill Gates. But for more than a decade, he had been treated as anything but a respected tech leader.

He was accused by Hewlett-Packard, the American technological pioneer that had bought his software company, Autonomy, for $11 billion, of misleading it about his company’s worth. (Hewlett-Packard wrote down the value of the transaction by about $8.8 billion, and critics called it one of the worst deals of all time .) He had been increasingly shunned by the British establishment that he sought to break into after growing up working-class outside London.

He was extradited to San Francisco to face criminal charges, and confined to house arrest and 24-hour surveillance on his dime. In a townhouse in the Pacific Heights neighborhood — with security people he jokingly told associates were his “roommates” — he spent his mornings talking with researchers whom he funded personally on new applications for artificial intelligence. Afterward, he devoted hours to discussing legal strategy with his team.

Despite his persistent claims of innocence, even those close to Mr. Lynch had believed his odds of victory were slim. Autonomy’s chief financial officer, Sushovan Hussain, was convicted in 2018 of similar fraud charges and spent five years in prison.

During Mr. Lynch’s house arrest, his brother and mother died. His wife, Angela Bacares, frequently flew over from England, and she became a constant presence in the San Francisco courtroom during the trial.

After he was finally acquitted, Mr. Lynch had his eye on the future. “I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” he said.

Elisabetta Povoledo contributed reporting from Pallanza, Italy.

Emma Bubola is a Times reporter based in Rome. More about Emma Bubola

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

Who was onboard tech mogul Mike Lynch's Bayesian yacht?

Topic: Disasters, Accidents and Emergency Incidents

Six people are missing, including a man dubbed the British Bill Gates, after a luxury yacht sank off the Sicilian coast.

British tech entrepreneur Mike Lynch — freshly acquitted from a decade-long trial — had invited his work colleagues aboard a trip through the Mediterranean coast when a freak storm saw the yacht sink within moments.

Fifteen people escaped from the sinking vessel. The search for the missing continues.

Here's what we know so far: 

What happened?

The Italian coastguard said the yacht — the Bayesian — was anchored off the shore of port city Porticello, near the Sicilian capital Palermo, when it was hit by bad weather sometime after 4am on Monday, local time. 

Eyewitnesses said it vanished quickly beneath the waves shortly before dawn.

Managers of the sailing vessel Bayesian, Camper & Nicholsons, confirmed to the ABC that the Bayesian encountered severe weather and subsequently sank. 

"Our priority is assisting with the ongoing search and providing all necessary support to the rescued passengers and crew," they said. 

"The wind was very strong. Bad weather was expected, but not of this magnitude," a coastguard official told Reuters.

Sicily's civil protection agency head, Salvo Cocina, said a waterspout — a tornado over the water — could have struck the yacht.

"They were in the wrong place at the wrong time," Mr Cocina added. 

Storms and heavy rainfall had swept down Italy in recent days after weeks of scorching heat, lifting the temperature of the Mediterranean Sea to record levels and raising the risk of extreme weather conditions, experts told Reuters.

"The sea surface temperature around Sicily was around 30 degrees Celsius, which is almost 3 degrees more than normal. This creates an enormous source of energy that contributes to these storms," meteorologist Luca Mercalli said.

Rescuers recover the body of one of the people aboard the Bayesian.  ( AP: Lucio Ganci )

Captain Karsten Borner of the Sir Robert Baden Powell vessel told journalists he noticed the Bayesian nearby during the storm, but after it calmed he saw a red flare and realised the ship had simply disappeared.

Mr Borner said he and a crew member boarded their tender and found a lifeboat with 15 people, some of them injured, who they then took aboard and alerted the coast guard.

Search crews, including helicopters and divers, are continuing to search the wreckage, lying at a depth of 49 metres.

Specialist divers reached the ship on Monday but access was limited due to objects in the way, the fire brigade said.

The UK Marine Accident Investigation Branch is deploying a team of four inspectors to Italy to conduct a preliminary assessment.

The Foreign Commonwealth and Development office said it was "providing consular support to a number of British nationals and their families".

Sicilian prosecutors have also opened an investigation into the event. 

Who is missing?

Lawyer Chris Morvillo (left), entrepreneur Mike Lynch, and Morgan Stanley chairman Jonathan Bloomer are among the missing. 

There were 12 passengers and 10 crew members aboard the yacht. 

Mr Cocina said the crew and passengers hailed from a variety of countries, including Britain, the United States, Antigua, France, Germany, Ireland, Myanmar, the Netherlands, New Zealand and Spain.

Of the 22, one man is confirmed dead and another six people are still missing. 

They are believed to be inside the hull, fire rescue spokesperson Luca Cari said.

Fabio Cefalù, a fisherman who said he responded to a flare from the vessel but found it sunk, said he stayed at the site for three hours without finding anyone.

"I think they are inside, all the missing people," he said.

Rescue teams recovered the body of the yacht's onboard chef on Monday, identified as Antiguan citizen Ricardo Thomas.

The still missing people include: 

• Mr Lynch's 18-year-old daughter, Hannah 
• Jonathan Bloomer, chairman of global financial services company Morgan Stanley International
• Chris Morvillo , a lawyer at the British multinational law firm Clifford Chance. He worked on Mr Lynch's lawsuit against Hewlett-Packard
• The identities of the remaining two missing are still unconfirmed

Who was rescued? 

Fifteen people escaped from the sinking ship. 

Eight have been hospitalised and others were taken to a nearby hotel.

Charlotte Golunski was among those rescued, recalling the harrowing moments she held her child Sofia above the waves.  ( Supplied: Facebook  )

Among those rescued were:

• Mr Lynch's wife, Angela Bacares, who was the owner of the yacht
• Charlotte Golunski and her one-year-old daughter, Sofia. Ms Golunski is a partner at Mr Lynch's firm, Invoke Capital. She says she momentarily lost hold of Sofia in the water but managed to hold her up above the waves until the lifeboat was inflated
• Ms Golunski's husband James Emslie
• New Zealand captain of the yacht James Catfield. He told Italian newspaper La Repubblica the crew didn't see the storm coming
• A lone Dutch citizen was identified by the Dutch foreign ministry as being rescued, but was not identified

Who is Mike Lynch?

Mr Lynch, once hailed as Britain’s king of technology, was recently freed from a Silicon Valley lawsuit that tarnished his legacy. 

The 59-year-old Cambridge-educated mathematician created Autonomy , a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly. 

He received the OBE for his innovation in 2006. 

He then sold the software to Hewlett-Packard (HP) for $US11 billion ($16 billion) in 2011, with Mr Lynch personally netting $US800 million. 

HP valued Autonomy at $US46 billion ($68 billion) in the months leading up to the deal.

Mike Lynch in 2019 leaving the High Court in London.  ( Reuters: Henry Nicholls/File Photo )

But the deal quickly turned sour after he was accused of forging the software's financial records to make the sale.

As part of a decades-long legal battle against HP, Mr Lynch was extradited to the UK on criminal fraud charges. 

He steadfastly denied any wrongdoing, asserting that he was being made a scapegoat for HP's own bungling. 

He was eventually cleared of all charges in June this year. 

Although he avoided a possible prison sentence, Lynch still faced a bill from a civil case in London that HP mostly won during 2022. Damages haven't been determined in that case, but HP is seeking $US4 billion. 

Following the San Francisco trial, Mr Lynch said he would return to the UK and do what he loved most: "[being with] my family and innovating in my field."

The holiday appeared to be something of a celebration after Mr Lynch's acquittal, with guests including some of the people who had stood by Lynch throughout the ordeal.

This picture shows the rescue operations off the Sicilian coast.  ( AP: Italian Coast Guard  )

In a separate act of tragedy, Mr Lynch's co-defendant in the trial, Stephen Chamberlain, died on Monday, after a road accident left him critically injured.

Mr Chamberlain — Autonomy's former vice-president of finance alongside Mr Lynch — was hit by a car in Cambridgeshire on Saturday morning and had been placed on life support. 

What is the Bayesian?

The luxury yacht is 56m long sailboat, with a 75m mast labelled as the tallest aluminium mast in the world.

It was previously named Salute when it flew under a Dutch flag.

The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate up to 12 guests in six suites and a crew of 10, according to online specialist yacht sites. It was last refitted in 2020.

Online charter sites listed it for rent for up to 195,000 euros (about $AU 321,000) a week. 

This picture taken on Sunday shows the Bayesian (left) and the Duch sailboat Sir Robert Baden Powell anchored off the coast line.   ( AP: Fabio La Bianca/Baia Santa Nicolicchia )

The ship also won a string of awards for its design. 

Ms Golunski said the yacht had travelled through the Aeolian Islands, Milazzo and Cefalù before sinking. 

It is likely the yacht's name would resonate with Mr Lynch because his PhD thesis and the software that made his fortune was based on Bayesian theory.

Bodies of Autonomy founder Mike Lynch and his daughter recovered from sunken Bayesian yacht

Grim news coming in from Sicily, Italy. Mike Lynch, the U.K. investor and founder of IT company Autonomy, has been identified as one of two bodies recovered from the Bayesian , the yacht that sunk off the coast of Sicily early Monday, according to several reports coming out of the country that cite the chief of Civil Protection, Salvo Cocina.

Lynch’s daughter, Hannah, has also been identified. Both are pictured on the right.

“The Lynch family is devastated, in shock and is being comforted and supported by family and friends. Their thoughts are with everyone affected by the tragedy,” a spokesperson for the Lynch family said in a statement. “They would like to sincerely thank the Italian coastguard, emergency services and all those who helped in the rescue. Their one request now is that their privacy be respected at this time of unspeakable grief.”

The news caps off a grim few days of events. The boat, registered to Lynch’s wife, Angela Bacares, quickly capsized in the early hours of Monday after it was struck by a tornado-like water column. Bacares was among the 15 survivors, but three bodies have now been found and four more are still being recovered from the wreck. Those yet to be found include the international chairman of Morgan Stanley bank, his wife, a lawyer from New York who worked with Lynch, and his wife.

As we previously reported , the Bayesian was on a voyage to celebrate Lynch’s acquittal in a criminal fraud trial in the U.S. earlier this summer. That trial also involved a co-defendant, Stephen Chamberlain.

In a tragic coincidence, Chamberlain was hit by a car last Saturday and died of his wounds earlier this week.

Lynch was one of the most well-known and colorful figures in the U.K. technology world — sometimes referred to as the “Bill Gates of U.K. tech.”

HP acquired Lynch’s enterprise technology firm Autonomy in 2011 for $11 billion — a major milestone for U.K. technology and one of the biggest tech M&A deals at the time. But it quickly turned sour, and HP sued Lynch and Autonomy’s director of finance, Chamberlain, arguing it was misled in the transaction.

HP claimed that the deal led to a $4 billion+ loss — money it then demanded from Lynch and Chamberlain. Lynch (pictured above, left) and his co-defendant long asserted that they acted in good faith and were being made into scapegoats over a merger gone bad.

That legal drama went on for more than a decade and involved a host of other thorny chapters, including Lynch’s extradition to the U.S. over the DoJ criminal suit (the one that only recently concluded with acquittal) and a lot of very bad publicity for him. It also included a second, civil case that took place in 2022 in the U.K., which Lynch lost.

The U.S. criminal case, where Lynch and Chamberlain were charged with 15 counts of fraud and conspiracy and could have spelled jail for the pair, went to trial earlier this year in San Francisco. Then finally, in June, Lynch and Chamberlain were acquitted .

In the interim years, Lynch built up a profile in the U.K. as a prominent investor, most prominently as the founder of Invoke Capital .

The VC firm was the biggest investor in cybersecurity firm Darktrace, a connection that was not without its own controversy . It also invested in Sophia Genetics , Featurespace and Luminance, among others. And it appeared that this is the route that he had been planning to continue to pursue.

“I am elated with today’s verdict and grateful to the jury for their attention to the facts over the last 10 weeks. My deepest thanks go to my legal team for their tireless work on my behalf,” Lynch said at the time of the acquittal in June. “I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field.”

Our thoughts go out to Lynch’s (and Chamberlain’s) family, friends and colleagues. We have also reached out to Lynch’s spokespeople and will update this post as we learn more.

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Göcek, Fethiye/Mugla, Turkey

6 - 10 May 2022

By Katie Scott

Making its return for the third edition, the TYBA Yacht Charter Show opens its doors to showcase the very best luxury yacht charters.

With a winning combination of luxury setting, prestige yachts and an excellent social program, the industry-only TYBA Yacht Charter Show has quickly become one of the East Mediterranean ’s leading yacht shows.

Sporting a brand new backdrop, the event has transferred from its usual home at Yalikavak Marina in Bodrum, to the picturesque Göcek D Marin. Gearing up for the 2022 TYBA Yacht Charter Show, the event will attract hundreds of yacht brokers and media representatives eager to discover more about the rich cruising grounds of Turkey and the Turkish fleet.

Hosting a huge selection of yachts, ranging from shiny superyachts to luxury sailing vessels, there will also be a number of gulets on display, allowing attendees to get to grips with these beautiful Turkish-built boats.

All available for crewed yacht charters , yachts can be toured by attendees to give them a comprehensive insight to the yachts on display.  Meeting captains and crew is also encouraged, ensuring show-goers get the most from their experience at TYBA.

Auxiliary events

Organized by the Turkish Yacht Brokers Association and hosted in such an iconic marina a stone's throw away from the beautiful Aegean Islands , the show has a strong focus on social events designed to enable networking.

Alongside yacht tours and informative seminars, attendees can enjoy cocktail soirees, yacht hops and gala dinners.

The Yacht Chef Competition will also be making a return for the 2022 edition, promising culinary masterpieces in a fun and friendly environment.

If you would like any more information about any of the yachts at the show, please get in touch with your preferred yacht charter broker .

TRADE SHOW ONLY

This event is NOT open to the general public. If you are interested in any particular yacht please contact your broker to inspect it and meet the crew on your behalf.

TYBA Yacht Charter Show 2022 Location

Göcek Camtaş Cad Göcek No:12, 48310 Fethiye/Muğla, Turkey

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